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CEO of the Nine Network, Ian Johnson is homesick in Sydney and heading back to Melbourne (must be the AFL footy finals) to resume his role as executive chairman of GTV Nine. This move was on the cards but with the high number of fancy titles at PBL it can be disconcerting when changes are made. Johnson's replacement is John Alexander who is already CEO of PBL Media. This is only a minor shuffle and we are still comfortable recommending PBL as a LONG TERM BUY.

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I wonder if you have any thoughts on the Consolidated Media Holdings buy back? They want shareholders to approve an on-market buyback up to 11.9%. Packer via his holding company CPH holds 45.3% and Stokes holds 22.12% via Seven Network Group. CMJ ...

In Tim's CMH update today he states that CVC loaded up PBL media with debt in the acquisition and that's why it didn't pay a div for the Dec 07 half. Surely the debt lies with CVC not the PBL Media JV? Otherwise James Packer let a company he controll...

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